INDIA FINANCE OVERVIEW READY TO CONNECT NEW JOINER ORIENTATION AGENDA & SALARY : PAYROLL PROCESSING SNAPSHOT • Payr
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INDIA FINANCE OVERVIEW
READY TO
CONNECT
NEW JOINER ORIENTATION
AGENDA & SALARY : PAYROLL PROCESSING SNAPSHOT • Payroll Lifecycle
• Salary Reimbursement - R539 (LTA)
• Investments – Chapter VIA : Section 80’s
• Employees’ Levels & CompPlan
• National Pension System – NPS
• Important Things to Remember
• Total Rewards: Compensation & Benefits
• Digital Meal Voucher
• Important Dates
• Comp Plan Guidelines & Criteria – Fixed Group
• Housing Exemption & Deduction
• Finance Reach
• CompPlan Guidelines & Criteria – Flexi Group
• Tax Calculation Timeline
• Payroll & Benefit Tools & Systems
• Car Expenses: Leased Car
• Net Salary Calculation & Tax Computation
1
Finance -> Controllership -> GS Payroll Handles Employees’ Salary & Benefits
2
Employee Categories
3
Fixed : L10, L11, L12 & L13 Flexi : AL, MD, L6, L7, L8 & L9
Salary ~ Payslip Basic, HRA, Adhoc, Misc, Personal, Other Salary ~ Reimb LTA Paid; when claimed & any Bal as Ex gratia in Mar/F&F
4
7
5
Payroll ~ Gross to Net Salary ~ Payslip Less: PF (Refundable) Less: Tax (Non-refundable) Less: PT (Non-refundable) Net : Transfer to Bank A/c.
Employees to structure Salary out of Fixed Pay ~ Comp Plan Salary ~ Payslip Salary ~ Reimb + Benefit = Total Rewards
Income Tax – Central Govt - Annual Salary~Payslip Less: Exemption (HRA, LTA, Std Dedn…) Less: Investments – 80C, 80’S Less: Housing Loan Interest Less: Non-taxable income = Taxable Income – tax
6
Benefit Tools: - Payroll ~ Allsec: CompPlan, nomination, declarations, ESS- payslip, Tax sheet etc - Insurance ~ Vidal Health - myTE : Time & Exp Service Now ~ PR (all tool access by one login)
Copyright © 2019 Accenture. All rights reserved.
2
PAYROLL LIFECYCLE PAYROLL PROCESSING
POST JOINING FORMALITIES
“Calculation of Net Salary from Fixed Pay” In adherence to Labour / Govt Laws, Employment Rules & Policies
ACTIVITY PF Form - 11 Nominations Forms Bank Account* PAN
FREQUENCY On joining On joining On joining On joining
CUT OF DATE Immediately Post Allsec Access Post Allsec Access Post Allsec Access
CRITERIA REMARKS Mandatory To be filled during on boarding Mandatory (https://smartpay.allsectech.com/Accenturelogin) Mandatory (https://smartpay.allsectech.com/Accenturelogin) Mandatory (https://smartpay.allsectech.com/Accenturelogin)
*Account to be opened with these banks only-HDFC/ SBI/ ICICI/ AXIS/ KOTAK/ DEUTSCHE/ CITI/ STD CHARTERED/DBS/HSBC/IDFC
SALARY PROCESSING
FINAL TAX CALCULATION
ACTIVITY FREQUENCY CUT OF DATE CRITERIA REMARKS Bank Account Updation On Joining 22nd of joining month Mandatory Change - April Compensation Plan On Joining 17th of joining month/ Following month Mandatory Change -Salary revision Investment Declaration Monthly Every month (before 17th Dec) Optional Till 17th December Time sheet Fortnight 3 days prior to the actual fortnight ends Mandatory(https://myte.accenture.com) Salary Disbursement* Monthly On the last working day of the month Mandatory To designated Bank account *Salary Disbursement is subject toadherence to submission of time sheet and Bank account; both are mandatory • • • • • •
Tax calculation done from April to March Tax calculation based on projected income & Investment Declaration: April to Jan Tax calculation based on proofs submitted: Feb & March - Declarations discontinued Tax proofs submission: Dec to Jan [Schedule will be communicated] Form- 16: by May - Digital form Filing IT returns: Notified by Govt – Filing facilitation by Accenture
Copyright © 2019 Accenture. All rights reserved.
3
EMPLOYEES’ LEVELS & COMPENSATION PLAN COMP PLAN BASICS
CATEGORIES & LEVELS
• • • •
Fixed Pay is communicated by HR to Finance Employees are allowed to structure their CompPlan out of Fixed Pay Based on level, employee can allocate under salary components as per eligibility Guidelines & Criteria are defined based on Company Policies & Govt Laws
Fixed Pay
Level 10, 11, 12 and 13
Flexi Pay
AL (MD), Level 5, 6, 7, 8 and 9
TYPE OF INSTANCE
COVERAGE
REMARKS
New Hiring / Rehiring
Two consecutive windows (each window - 1st week to 17th of the month)
REVISION
Employees with revision
Two consecutive windows (each window - 1st week to 17th of the month)
ANNUAL CYCLE
All employees on rolls; In April every year
Two consecutive windows (1st week to 17th of the month). Allowed to restructure entire CompPlan afresh except reducing Basic Salary & Car Lease Rental and changing PF from Y to N or F & F to N
NEW JOINER
COMP PLAN STRUCTURE INSTANCES
Entitlements and allocation criteria and guidelines are explained in the following slides
Copyright © 2019 Accenture. All rights reserved.
4
TOTAL REWARDS: COMPENSATION & BENEFITS Total Rewards Compensation Fixed Pay Monthly Salary Basic, HRA, Adhoc, Misc, personal & other Allowance
Insurance & ESPP Medical Claim Vidal Health
(Toll free Number - 1800-425-5244) Policy 1 : Self , Spouse & 2 Children
Reimbursement LTA, Car Expenses, Digital Meal Voucher
Retiral Saving PF Employer Contribution
Employee Share Purchase Plan Participation in Acn Stock Purchase and queries - Myholdings Max 10% (on gross) 2 windows : May-Oct & Nov-Apr 15% discount on stock Copyright © 2019 Accenture. All rights reserved.
Retirals PF, Gratuity & Leave Enc
Benefits
Policy 2 : Parents and Addtl.children Policy 3 : Top up for - Self , Spouse and Children Policy 4 : Top up for Critical illness Self, spouse & children Policy 5 : Optional Coverage for Parents-inLaws Co Payment : Policy 1,3,4 - 90% Ins Co & 10% Emp Policy 2, 5 – 80% Ins Co & 20 % Emp Cashless or Pay & Claim Premium paid by Company for policy 1
Provident Fund • Emp & Er PF deposited with Govt • VPF can be 88% of basic • PF Er – tax free & PF Ee from gross • PF earns 8.55% p.a. interest • • • • •
Transfer from RPFC – online* Transfer from Trust – Form 13 (3 copies) PF managed by PF Dept, RPPF Withdrawal as per Govt Rules Any specific query, raise Service Request under PF category
Gratuity – Post Relieving • Paid after leaving the company • Continuity of 4yr & 240days tenure • ₹20 lacs tax free – life time • 15/26 x Completed Yrs x last basic Leave Enc – Post Relieving • Paid in Full & Final • Maximum 30 days' vacation balance • Paid on Fixed Pay • ₹300,000 tax free – life time 5
COMP PLAN GUIDELINES & CRITERIA : FIXED GROUP Component Basic HRA Provident Fund NPS Meal Allowance Adhoc Allowance LTA
Yearly Monthly Level 10, 11, 12, & 13 Criteria/ Guidelines ₹ 210000 ₹ 17500 35% of Fixed Pay Standard cannot be editted by employee ₹ 105000 ₹ 8750 50% of Basic Salary Standard cannot be editted by employee ₹ 25200 (If opted "Y") ₹ 2100 Y 12%, F ₹1800, N-Nil If Basic > ₹ 15000 p.m. Can choose PF to be fixed at ₹ 1800 p.m. Fixed pay 3 lacs and above Editable can be ₹ 13200 or zero: ₹ 26400 ₹ 2200 ₹ 26,400 Balance get moved to Adhoc Allowance Automatically ₹ 1,93,400
₹ 16,117
Bal. from Fixed Pay
₹ 40000
₹ 3333
₹ 40,000
0
0
LTA
Miscellaneous Allowance Total Fixed Pay
Non- Editable: Balancing figure from fixed pay will be moved to Adhoc Allowance: Paid as salary Editable can be reduced upto zero: Balance get moved to Miscellaneous Allowance Automatically Auto-Field: Unallocated LTA get moved to Miscellaneous Allowance
₹ 6,00,000
* Thes e a re ca l l ed "R539 - Reimbursements"; Any uncl a i med a mount a s on Ma rch or DOL whi chever i s ea rl i er wi l l be pa i d a s "Ex Gratia" i n FY endi ng or F&F a s a ppl i ca bl e. Empl oyees fi xed pa y 3 l a cs a nd a bove wi l l ha ve a n other component i n compl a n for National Pension System. Transport allow. granted & exempted to an emp, who is “blind” or “deaf and dumb” or “orthopedically handicapped with disability of lower extremities (Certificate from Surgeon / Medical Officer is required”, to meet his / her expenditure for the purpose of commuting between the place of his residence and the place of his duty. Since emp cannot allocate more than ₹19,200 in the tool, based on certificate produced by employee, payroll team will change the structure from back-end with ₹ 38,400. Copyright © 2019 Accenture. All rights reserved.
6
COMP PLAN GUIDELINES & CRITERIA : FLEXI GROUP Component
AL & CL 5
CL 6
CL 7 & 8
CL 9
Criteria/Guidelines
Can be upto Fixed pay subject PF. Once allocated cannot be reduced during the tenure Max upto Basic Salary Personal Allowance Can be Zero also Can be Zero and can be utilized when completely used Pers. Max upto 30 % Basic Salary Other Allowance Allow Max 50% of Basic salary HRA Can be zero; to avail HRA excemption to be a part of complan Y (12% of basic), N (Zero) & F (12% of ₹ 15,000= N to F/Y & F to Y allowed (N- Not allowed if already a PF Provident Fund ₹ 1800 p.m) member) F or Y to N, Y to F not allowed NPS Contribution between 1 to 10% of basic salary NPS Can be Zero or ₹ 13,200 p.a., uncollected/not activated will be Max ₹ 26,400 p.a Meal Allowance paid back in salary Basic Salary
Min 35 % of Fixed Pay
₹ 1,00,000 ₹ 1,00,000 ₹ 1,00,000 ₹ 75,000 Can be zero.Tax free twice in 4 yrs block; current block 2018-21 LTA* 60% of Fixed Pay 50% of Fixed Pay Car value on-road Partial funding option not allowed Rental multiplier x Onroad car value Car lease Rental Tax free. Paid to leasing company Car Running* # ₹ 1,80,000 ₹ 1,50,000 ₹ 1,20,000 Until delivery of the car, allocated funds for car value and ₹ 1,00,000 Car Maintenance* # ₹ 1,50,000 ₹ 1,20,000 expenses would be paid on prorate basis under 'Car allowance' ₹ 1,50,000 Chauffer Salary*# ₹ 2,40,000 ₹ 1,80,000 in the salary, The max taxed amount is ₹ 28,800 p.a for Car Insurance Actual amount of car lease fuel/Maint and ₹ 10,800 p.a for chauffer salary * Called "R539- Reimb". Any unclaimed amount as of March or DOL whichever is earlier will be paid as "Ex-gratia" in F&F or March as applicable. # Tax free claims subject to a small perk value, if employee avails car lease. Copyright © 2019 Accenture. All rights reserved.
7
CAR EXPENSE: COMPANY LEASED CAR Car Lease
PETRO CARD
Component Eligible
Tax
Basis
Lease Rental
Yes
No
Tax Free
Insurance
Yes
No
Tax Free
Fuel
Yes
Part
< or = 1600 CC– Perk: ₹1,800 pm
Maintenance
Yes
Part
> 1600 CC– Perk: ₹2,400 pm
Driver
Yes
Part
Perk ₹ 900 pm
Car Ownership
3 years in name of Accenture Solutions Pvt Ltd, post to which employee should transfer the car individual/nominated name
Jurisdiction
Car to be availed only from the employees work location
Claim – Fuel
Digital Petro Card will be issued
Claim – Driver
One time drivers DL copy required, Payment by cheque/NEFT
Claim – Maintenance
Original Invoice from the Authorised service center only. No cash payment beyond ₹ 500
Claim – Ins
• • • • • • • • •
Still under progress of implementation- until then to follow the current process of claiming through Allsec tool. Employee allocates in comp plan Pin-based card will be issued by bank Employee loads money as per the usage Payroll team generates spent statement for the period between 16th to 15th Spent amount is reimbursed to Employees No need to submit bills, hassle-free Monthly settlement – better cashflow Unclaimed paid in March as taxable
CHAUFFEUR SALARY • • • • • •
Employee allocates in comp plan No Cash payment. Should be via Cheque/ NEFT Employee to provide payment details Driver salary receipt is required One time license required Unclaimed paid in March as taxable
Taken care by the leasing company for 3 years of lease. Deduction from Fixed Pay
Copyright © 2019 Accenture All rights reserved.
8
R539 – REIMBURSEMENT MEDICAL LTA •
LTA must be part of Comp Plan
•
Limits are as per eligibility
•
Tax Free - Twice in a block of 4 years (2018 – 21)
•
Only Travel cost (location to location) is allowed
•
Travel by: Air- Economy class, Rail- up to 1st AC
•
By road - both private and Govt. Buses.
•
Private vehicle hired/ Travel Agent bills are not considered for tax exemption
•
Can be claimed only from the work location to the destination (To and From – round trip)
•
To avail at least one vacation between travel dates- Time reports
•
Original tickets are required incl Boarding Pass
•
Travel - Self / Family (Employee to accompany)
•
Family - parents, spouse, children & siblings
•
Exemption - farthest destination by shortest route
•
Local travel, Boarding & Lodging not allowed
Copyright © 2019 Accenture. All rights reserved.
9
NATIONAL PENSION SYSTEM (NPS - CORPORATE) COMPONENT
PARAMETER
REMARKS
National Pension System – Corporate
Between 1 upto 10% of Basic
Enrollment allowed first two month of Complan page window
Guidelines/ Criteria • •
Eligibility – Employees’ annual Fixed Pay > ₹ 300,000 Employees to submit the application to ICICI Bank POP, were NSDL would create PRAN account.
•
Increase is allowed when the complan page is opened (New joiners, existing emp as per policy) but decrease is not allowed till the tenure with the company, and cannot opt out of the scheme.
•
NPS Deduction is from employees fixed pay and PRAN is mandatory for depositing NPS contribution – to be updated in Allsec on or before 17th of the month.
•
If the PRAN is not received by 17th of payroll month, the contribution amount will be paid as taxable under Ex-gratia in the current pay cycle. PRAN received after 17th of the month, the contribution would be deposited in the following month pay cycle.
• •
Max contribution amount to be equivalent to 10% of Basic and minimum ₹ 500/- can be deposited at a time. More details on NPS – Allsec FAQ’s
NPS TAX BENEFIT UNDER THE BELOW SECTIONS: 80CCD (1A)
80CCD (1B)
80CCD (2)
Upto ₹ 150,000 (part of 80C)
Upto ₹ 50,000 (additional)
Upto 10% of Basic Salary
Copyright © 2019 Accenture. All rights reserved.
10
DIGITAL MEAL VOUCHER ▪ Should be a part of compensation plan ▪ Digital meal voucher is a tax-saving meal benefit card powered by Kotak - Zeta. ▪ It can be swiped just like any other debit/credit cards while making payments. ▪ A zeta account is created for each employee opting for the Digital Meal Voucher. Each employee gets the following payment instruments, linked to this account : o Zeta app : The zeta app lets you view your meal vouchers balance, make payments and track the spends conveniently. o Paymint Card : This is a RuPay powered card, that can be used at any card accepting outlet or online store to make purchases. o Zeta Super Tag : This is an NFC based tag (Near Field Communication) that lets you make payments at the office cafeteria. All you should do is to tap the super tag on the cafeteria vendor’s reading device to make quick payments, with in just few seconds
▪ This Digital Meal Voucher will work with EDC or POS merchants who have registered their EDC or POS under the following categories : o o o o o
Restaurants Food court ( non-alcoholic beverage service) Accenture Cafeteria Bakery Online food apps like Freshmenu, Faasos, Swiggy, Zomato etc.
For more details refer the FAQ’s in Allsec portal Issuance of Card Schedules will be Uploaded in Allsec
Copyright © 2019 Accenture. All rights reserved.
Queries related to card and activation would be address through the following channels : - Phone : 080-66905990 - Email : Support@zeta.in - App : Zeta’s In app chat
HOUSING EXEMPTION & DEDUCTION HRA Exemption
Housing Loan Interest
•
HRA must be part of Comp Plan
•
House should be self-occupied
•
Rent must be part of Tax Declaration
•
Construction / Possession by 31st March, 2019
•
Should stay in rented house
•
•
The rented house should not be owned by the employee
Interest is reduced from taxable income: if Loan taken after 01-04-99: (₹2,00,000) and before 01.04.99 (₹ 30,000)
•
Landlords PAN card copy mandatory if rent > ₹ 8333/- p.m
•
Exemption for pre-construction interest given in 5 instalments but the max benefit as above
•
Both HRA exemption & interest benefit can be availed-
HRA Calculation (Least out the below) Rule 1
Actual HRA part of salary
Rule 2
50% of basic (Metro Cities - Mum, Del, Kol & Chennai) 40% of basic (other cities)
Rule 3
Actual rent paid (less) 10% of the basic salary
o For construction period: Loan taken in May 18, possession in Feb 19; Apr 18 to Feb 19– both HRA & Interest benefits for FY2018-19 can be availed o If rented & own house in different cities: Ex- Rented house in Mumbai (office) and own house on loan in Delhi • In case of let-out property, limit to ₹ 200,000 on interest, but construction should be completed within 3 years from loan. Can be declared in Allsec. • Effective Financial year (FY 2017-18) Loss from House Property is restricted to ₹2,00,000/- for self-occupied and let-out houses altogether.
Copyright © 2018 Accenture. All rights reserved.
12
TAX CALCULATION TIMELINE Joined before 1st Apr & worked till March April to March
Apr
Joined after 1st Apr & worked till March DoJ to March
Aug
June July
May
If employee joining middle of the year, previous employer’s income in 12B is required for correct Tax
Joined after 1st Apr & left before March DoJ to DoL
Oct Sept
Dec Nov
Feb Jan
Mar
Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar
TAX CALCULATION BASED ON INVESTMENT DECLARATION Copyright © 2019 Accenture. All rights reserved.
BASED ON ACTUAL PROOFS 13
NET SALARY CALCULATION & TAX COMPUTATION Salary Calculations - Bangalore
Compensation Plan
Fixed Pay Reconciliation- Bangalore
Component
Full Month
Join-16 Apr: 15/30
Component
Full Month
DOJ: 16Apr:15/30
-
Basic Salary
14,000
7,000
Pro-rated FP
480,000
460,000
14,000
Salary
HRA
7,000
3,500
Net Salary (A)
382,552
367,564
Take home
1,680
Saving
Adhoc Allw
13,987
6,993
LTA Reimb
40,000
38,330
Take home
Salary
Gross Earnings
34,987
17,493
PF - Employer
20,160
19,320
Saving
PF
1,680
840
Income Tax
1,644
1,505
PF - Employee
20,160
19,320
Saving
Prof Tax
200
200
Tax
14,728
13,063
To Govt
Gross deduction
3,524
2,545
Prof Tax
2,400
2,400
To Govt
Paid against claim. Unclaimed paid in F&F or March. This is an example to explain the concept.
Processed
480,000
460,000
Net Salary (A)
31,463
14,948
Component
Rs. p.a.
Rs. p.m.
Fixed Pay
480,000
40,000
Basic Salary
168,000
PF
20,160
HRA
84,000
Adhoc Allowance
167,840
LTA
40,000
7,000 13,987 3,333
Salary
Reimb
Gross Income
Remark
Tax Rates on Taxable Salary
Regular Income
Basic, HRA, Adhoc, Miscellaneous * No. of days (APR/DoJ (whichever is lateris later) to DoJ/March (whichever is earlier))
One time income Perquisites Less: Exemptions Less: Deductions Less: Exempted Income
Bonuses, Ex-gratia, Incentive etc. Gift, Car Perk etc. HRA, Housing Loan Interest, Standard Deduction & Prof Tax 80C, 80D, 80DD, 80DDB 80E and 80U ₹ 2,50,000
Salary - Tax Rates are applied
Assesse Type
Male / Female • • •
Exempted Income
Upto ₹ 250,000
5%
20%
₹ 250,001 to ₹ 500,000
₹ 500,001 To ₹ 10,00,000
30%
Above ₹ 10,00,000
4% Health & Education Cess on the Tax 15% Surcharge if Taxable Salary > INR 1 crore 10% Surcharge if taxable salary > ₹ 50,00,00/-
Tax / No. of balance months in the year Copyright © 2019 Accenture. All rights reserved.
14
CHAPTER VIA DEDUCTIONS SECTION
NAME OF DEDUCTION: INVESTMENT PLAN
SPENT FOR
LIMIT
PF annual (contribution by employee)
Self
VPF (if employee contributes)
Self
PPF
Self, Spouse & Children
National Savings Certificates – VIII
Self, Spouse & Children
Pension Plan (earlier 80CCC)
Self
Mutual Funds: Qualified for Tax Benefit
Self
Unit Linked Insurance Plan (ULIP)
Self, Spouse & Children
Housing Loan Principal
Self
Tuition Fees for Education in India
Upto two Minor Children
Insurance Premium – Max 20% of sum assured
Self, Spouse & Children
Sukanya Samriddhi Scheme
Girl Child
80CCD
National Pension Scheme
Self
Max. ₹ 50,000
80D
Medical/Health Insurance Premium (Including Preventive Health Check-up ₹ 5000)
Self, Spouse, Children and Parents
Max. ₹ 25,000 Max. ₹ 25,000 (₹ 50,000 > 60 age)
80E
Interest on loan for full time higher education loan: must be paid out of salary
Self, Spouse & Children
Actual Interest Paid
80DD
Deduction for Physically handicapped dependents (min 40% disability)
Parents, Spouse & Children
Upto 80% - ₹.75,000 > 80% - ₹ 1,25,000
80U
Deduction for Physically handicapped individuals (min 40% disability)
Self
Upto 80% - ₹ 75,000 > 80% - ₹ 1,25,000
80C
Copyright © 2019 Accenture. All rights reserved.
Maximum exemption ₹.150,000 (individually or put together)
15
IMPORTANT THINGS TO REMEMBER DO’S • •
• • • • •
Keep salary and bank details confidential. Do things at right time e.g. update compensation plan, tax declarations, proof submission, and so on to avoid financial loss. Follow payroll guidelines provided from time to time Follow payroll communication on statutory changes. Use appropriate drop boxes to submit your documents. PF Nominations forms to be dropped in Nomination drop box Mention your employee ID and contact number in all your documents and communications with the Payroll team
DON’TS •
Share bank details with anyone.
•
Share salary details with your colleagues or others.
•
Follow unofficial news on any statutory changes.
•
Provide invalid proofs as the Income
•
Share your login ID and password with anyone.
•
Send payroll-related mails to people you know to get a quicker response.
•
Drop your documents in the wrong box. For example, drop expense proofs in R539 box and not in the myTE box.
•
PAN card has a 10 digit alpha-numeric code, and is issued as a laminated card by the Income Tax Department.
•
PAN card should be yours – not your relative’s or companies.
•
You will not get tax credit without a PAN card (per Rule 37BA of Income Tax Rules, 1962, with effect from 1 st April, 2009).
•
It is mandatory to quote PAN to get tax benefit (per Section 206AA of Income Tax Act, effective April 1 st, 2010).
•
In the absence of PAN, a minimum tax rate of 20% will be applied on your taxable income.
•
You must submit PAN at the time of joining (if not, Section 206AA will be implemented).
•
If the PAN is given after a few months of joining the company, a higher tax rate will be applied till its receipt.
•
The higher tax will be adjusted against future taxes, and you can claim any unadjusted amount from the IT department
Copyright © 2019 Accenture. All rights reserved.
PAN
16
IMPORTANT DATES ACTIVITY
FREQUENCY
DUE DATE
First two months
17th of month
April/Salary Revision
17th April and May
Reimbursement (R539) Booking
Monthly
10th
Booking page will be open from 25th of the previous month till 10th of the current month
Reimbursement (R539) Proof Submission
Monthly
12th
Proofs to be dropped in R539 drop box
Reimbursement Payment
Monthly
24th
Disbursement of R539 payment to designated bank account only
Salary Disbursement
Monthly
LWD of Month
Investment Declaration
Monthly
17th
Opens between 1st and 17th of every month. 17th Dec is the final date for the year to update investment details.
Update the Bank Details in Allsec
As and When
22nd
Can update the bank details by 18th of each month if new joiner has not done
Update PRAN number in Allsec
As and When
17th
PRAN number to be updated by 17th of the month in Allsec > Utilities > Master setup Page
Annual
Dec - Jan
Time Report for Salary (My TE)
Fortnight
Around 15th and 31st
Form 16 Issuance by Accenture
Yearly
May - June
Tax Filling by Employees Based on Form16
Yearly
July
Compensation Plan – New Joiner Compensation Plan – Existing Employees
Investment Proofs
Copyright © 2018 Accenture. All rights reserved.
REMARKS Two Cycles – 1st to 17th of each cycle Two Cycles – 1st week to 17th of each cycle
Salary payment to designated bank account only. No cheque mode or cash payment
Communication will be sent on regular basis You will receive a notification from myTE team
Digital Form 16 will be uploaded on Allsec You have to file tax returns – Accenture provides assistance through tax consultants.
17
FINANCE REACH Get the exclusive DiPA experience right here https://askdipa.accenture.com/
DiPA NJO / Helpline
One and Half hour session for new joiners , NJO Helpline on Skype (Invites will be sent)
Virtual Helpline via Skype
Support for Active Employees for payroll queries…Communication is sent every month Lync Ids: SessionQA1@Accenture.com ; SessionQA2@Accenture.com Timing: 10:00 am – 1:00 pm ; 2:00 pm – 5:00 pm (working days)
eFAQs - Allsec
FAQs on Payroll related is available in Allsec website: https://smartpay.allsectech.com/Accenturelogin/SmartLogic/memberlogin.aspx#
PR (SNOW)
ServiceNow -> (SLA 2 Business days) Human Resources & Payroll => Payroll => Ask a payroll => Category => Sub-category
Seasonal Communication
Based on actionable item; communication with FAQ’s is sent to impacted employees
Exit Helpline
Skype support for exiting employees for clarifications, if any
F&F Helpline
Tele-support for ex-employees post F&F for clarification on calculations
Copyright © 2019 Accenture. All rights reserved.
18
PAYROLL & BENEFIT TOOLS & SYSTEMS Sl. No
Name of Tool
Importance
URL
1
DiPA
Digital People Advisor
https://askdipa.accenture.com/
2
Allsec
Payroll website for compensation plan submission, tax declarations, pay slips etc.
https://smartpay.allsectech.com/accenturelogin
4
Vidal
Medical Insurance portal and a third party vendor for insurance activities
https://tips.vidalhealthpa.com/vidalhealth/index
5
ESIC
Insures and provides socio-economic protection to worker population and dependents
6
MYTE
To submit time sheet and to claim business expenses
https://myte.accenture.com
If previous, PF is mandatory by RPFC, initiate transfer by registering in PF website
http://members.epfoservices.in
Online Transfer Claim Portal
http://memberclaims.epfoservices.in/index.php
Finance reach portal to resolve queries
https://support.accenture.com
7
8
Online PF Transfer
SNOW
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